S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8923
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             December 30, 2019
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation  to  providing  a
   tax abatement for electric energy storage equipment
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs (d) and (e) of subdivision 1 of section 499-bbbb
 of the real property tax law, paragraph (d)  as  separately  amended  by
 chapters  327  and  412  of  the laws of 2018, paragraph (e) as added by
 chapter 412 of the laws of 2018, are amended and a new paragraph (f)  is
 added to read as follows:
   (d) if the solar electric generating system is placed in service on or
 after  January  first,  two thousand fourteen, and before January first,
 two thousand twenty-one, for each year of the compliance period such tax
 abatement shall be the lesser of (i)  five  percent  of  eligible  solar
 electric  generating system expenditures, (ii) the amount of taxes paya-
 ble in such tax year, or (iii) sixty-two thousand five hundred  dollars;
 [or]
   (e)  if  electric  energy storage equipment is placed in service on or
 after January first, two thousand nineteen, and  before  January  first,
 two thousand twenty-one, for each year of the compliance period such tax
 abatement  shall  be  the lesser of (i) ten percent of eligible electric
 energy storage equipment expenditures, (ii) the amount of taxes  payable
 in  such  tax year, or (iii) sixty-two thousand five hundred dollars[.];
 OR
   (F) IF ELECTRIC ENERGY STORAGE EQUIPMENT IS PLACED IN  SERVICE  ON  OR
 AFTER  JANUARY FIRST, TWO THOUSAND TWENTY-ONE, AND BEFORE JANUARY FIRST,
 TWO THOUSAND TWENTY-THREE, FOR EACH YEAR OF THE COMPLIANCE  PERIOD  SUCH
 TAX  ABATEMENT  SHALL BE THE LESSER OF (I) TEN PERCENT OF ELIGIBLE ELEC-
 TRIC ENERGY STORAGE EQUIPMENT EXPENDITURES, (II)  THE  AMOUNT  OF  TAXES
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14528-01-9
              

 A. 8923                             2
 
 PAYABLE  IN  SUCH  TAX  YEAR,  OR  (III) SIXTY-TWO THOUSAND FIVE HUNDRED
 DOLLARS.
   §  2.  Subdivision 1 of section 499-cccc of the real property tax law,
 as separately amended by chapters 327 and 412 of the laws  of  2018,  is
 amended to read as follows:
   1. To obtain a tax abatement pursuant to this title, an applicant must
 file  an  application  for tax abatement, which may be filed on or after
 January first, two thousand nine, and on or before March fifteenth,  two
 thousand [twenty-one] TWENTY-THREE.
   § 3. This act shall take effect immediately.